Orient Victory Smart Urban Services Holding (HKSE:00265) Inventory Turnover : 8.87 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Orient Victory Smart Urban Services Holding Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Orient Victory Smart Urban Services Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$134.7 Mil. Orient Victory Smart Urban Services Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$15.2 Mil. Orient Victory Smart Urban Services Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Orient Victory Smart Urban Services Holding's Days Inventory for the six months ended in Dec. 2023 was 20.58.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Orient Victory Smart Urban Services Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Orient Victory Smart Urban Services Holding Inventory Turnover Historical Data

The historical data trend for Orient Victory Smart Urban Services Holding's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Orient Victory Smart Urban Services Holding Inventory Turnover Chart

Orient Victory Smart Urban Services Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.24

0.67

0.80

9.93

16.67

Orient Victory Smart Urban Services Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.44	4.42	5.35	8.01	8.87

Orient Victory Smart Urban Services Holding Inventory Turnover Calculation

Orient Victory Smart Urban Services Holding's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	257.19	/ (	(15.535	+	15.33)	/	2 )
=	257.19	/	15.4325
=	16.67

Orient Victory Smart Urban Services Holding's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	134.731	/ (	(15.06	+	15.33)	/	2 )
=	134.731	/	15.195
=	8.87

Orient Victory Smart Urban Services Holding (HKSE:00265) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Orient Victory Smart Urban Services Holding's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	15.195	/	134.731	*	365 / 2
	=	20.58

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Orient Victory Smart Urban Services Holding's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	15.195	/	172.673
	=	0.09

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Orient Victory Smart Urban Services Holding Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Orient Victory Smart Urban Services Holding's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Orient Victory Smart Urban Services Holding (HKSE:00265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Orient Victory Smart Urban Services Holding Ltd (HKSE:00265) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, 1201B, 12th Floor, Admiralty, Hong Kong, HKG

Website

https://www.orientvictory.com.hk

Orient Victory Smart Urban Services Holding Ltd Formerly Orient Victory Travel Group Co Ltd is an investment holding company. The company operates in three reportable segments that are The diversified tourism products and services segment, which includes the sale of air tickets and other tourism products, provision of travel-related and other services, The integrated development segment, which includes the development and operation of tourism and cultural attractions, sales of products and other services and The property management segment, which involves the provision of property management and leasing services for residential and commercial properties and The environmental hygiene segment which involves the provision of environmental hygiene services for urban and rural areas in the PRC.

Executives

China Huarong International Holdings Ltd	2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shi Baodong	2201 Interest of corporation controlled by you
Orient Victory Real Estate Group Holdings Limited	2101 Beneficial owner
Central Huijin Investment Ltd.	2106 Person having a security interest in shares
China Construction Bank Corporation	2106 Person having a security interest in shares

Orient Victory Smart Urban Services Holding (HKSE:00265) Headlines

No Headlines